Lucknow: Investor-friendly law on the cards

The UP government is contemplating a new law – the Uttar Pradesh Industrial Services Guarantee Act - to ensure time-bound services to investors in Uttar Pradesh.

A draft legislation providing for penalties against the officers responsible for any delay in issuing clearances is being given a final shape.

It may be put up before the state cabinet in the coming days.

Sources, however, said the new law would be enacted on the pattern of Janhit Guarantee Act that has provision of holding officers responsible for any delay in providing the services and penalising them.

The state government proposes to set a time limit for officers to provide clearances to investors who have to seek the nod of different departments, including Uttar Pradesh Pollution Control Board, environment, labour, energy and fire.

Senior officers of the state infrastructure and industrial development department remained unavailable for comment.